I have paid security deposit to company and the raise GST bill on
it 18% so can I claim ITC on it
GST on security deposit
Replies (4)
Quick Summary
Yes you can claim
Strictly speaking GST is not charges on security deposit if it is returnable. However if it is charged then claiming of ITC will depend upon whether such ITC is allowed as per section 16 & 17
Agree with Zafar Sir , Security Deposit may not in the scope of supply as per section 7 of the CGST act 2017 . Also it is refundable
It is refundable
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